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华昌达(300278) - 2020 Q1 - 季度财报
2020-04-29 16:00
华昌达智能装备集团股份有限公司 2020 年第一季度报告全文 华昌达智能装备集团股份有限公司 2020 年第一季度报告 2020 年 04 月 1 华昌达智能装备集团股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整,不存在虚假记载、误导性陈述或者重大遗漏,并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈泽、主管会计工作负责人贺锐及会计机构负责人(会计主管人 员)卜海燕声明:保证季度报告中财务报表的真实、准确、完整。 2 华昌达智能装备集团股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业总收入(元) | 377,935,422.83 | 361,108,654.02 | 4.66% | | 归属于上市公司股东的净利润(元) | -57,069,391.11 | -41,040,209.48 | 39. ...
华昌达(300278) - 2020 Q1 - 季度财报
2020-04-29 16:00
华昌达智能装备集团股份有限公司 2020 年第一季度报告全文 华昌达智能装备集团股份有限公司 2020 年第一季度报告 2020 年 04 月 1 华昌达智能装备集团股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整,不存在虚假记载、误导性陈述或者重大遗漏,并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈泽、主管会计工作负责人贺锐及会计机构负责人(会计主管人 员)卜海燕声明:保证季度报告中财务报表的真实、准确、完整。 2 华昌达智能装备集团股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业总收入(元) | 377,935,422.83 | 361,108,654.02 | 4.66% | | 归属于上市公司股东的净利润(元) | -5 ...
华昌达(300278) - 2019 Q3 - 季度财报
2019-10-28 16:00
华昌达智能装备集团股份有限公司 2019 年第三季度报告全文 华昌达智能装备集团股份有限公司 2019 年第三季度报告 2019 年 10 月 1 华昌达智能装备集团股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整,不存在虚假记载、误导性陈述或者重大遗漏,并承担个别和 连带的法律责任。 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产(元) | 3,840,604,694.66 | 4,548,848,001.72 | | -15.57% | | 归属于上市公司股东的净资产 (元) | 1,034,874,994.38 | 1,697,489,260.42 | | -39.03% | | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末比 | | | | 期增减 | | 上年同期增减 ...
华昌达(300278) - 2019 Q2 - 季度财报
2019-09-19 16:00
华昌达智能装备集团股份有限公司 2019 年半年度报告全文 华昌达智能装备集团股份有限公司 2019 年半年度报告 2019 年 08 月 1 华昌达智能装备集团股份有限公司 2019 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整,不存在虚假记载、误导性陈述或者重大遗漏,并承担个别 和连带的法律责任。 公司负责人 陈泽、主管会计工作负责人贺锐及会计机构负责人(会计主管 人员)卜海燕声明:保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中如有涉及未来的计划 、业绩预测等前瞻性陈述,均不构成本公司 对任何投资者及相关人士的实质承诺,投资者及相关人士均应对此保持足够的 风险认识,并且应当理解计划、预测与承诺之间的差异。 公司在本报告第四节"经营情况讨论与分析"中"十、公司面临的风险和 应对措施"部分,描述了公司未来经营可能面临的主要风险,敬请广大投资者 注意风险。 公司计划不派发现金红利,不送红股,不以公积金转增股本。 2 | 目录 | | --- | | 第一节 重要提示、目录和 ...
华昌达(300278) - 2019 Q2 - 季度财报
2019-08-29 16:00
华昌达智能装备集团股份有限公司 2019 年半年度报告全文 华昌达智能装备集团股份有限公司 2019 年半年度报告 2019 年 08 月 1 公司负责人 陈泽、主管会计工作负责人贺锐及会计机构负责人(会计主管 人员)卜海燕声明:保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中如有涉及未来的计划 、业绩预测等前瞻性陈述,均不构成本公司 对任何投资者及相关人士的实质承诺,投资者及相关人士均应对此保持足够的 风险认识,并且应当理解计划、预测与承诺之间的差异。 公司在本报告第四节"经营情况讨论与分析"中"十、公司面临的风险和 应对措施"部分,描述了公司未来经营可能面临的主要风险,敬请广大投资者 注意风险。 公司计划不派发现金红利,不送红股,不以公积金转增股本。 2 华昌达智能装备集团股份有限公司 2019 年半年度报告全文 | 目录 | | --- | | 第一节 重要提示、目录和释义 2 | | --- | | 第二节 公司简介和主要财务指标 5 | | 第三节 公司业务概要 8 | | 第四节 经营情况讨论与分析 11 | | 第五节 重要事项 19 | | ...
华昌达(300278) - 2019 Q1 - 季度财报
2019-04-25 16:00
华昌达智能装备集团股份有限公司 2019 年第一季度报告全文 华昌达智能装备集团股份有限公司 2019 年第一季度报告 2019 年 04 月 1 华昌达智能装备集团股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整,不存在虚假记载、误导性陈述或者重大遗漏,并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈泽、主管会计工作负责人贺锐及会计机构负责人(会计主管人 员)卜海燕声明:保证季度报告中财务报表的真实、准确、完整。 2 华昌达智能装备集团股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 √ 适用 □ 不适用 单位:元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益(包括已计提资产减值准备的冲销部 | 76,311.97 | | | 分) | | | | 计入当期损益的政府补助(与企业业务密切相关,按照国家 | 4,280,629.05 | | | 统一标准定额或定量享受的政府补助除外) | | ...
华昌达(300278) - 2018 Q4 - 年度财报
2019-04-18 16:00
华昌达智能装备集团股份有限公司 2018 年年度报告全文 华昌达智能装备集团股份有限公司 2018 年年度报告 2019 年 04 月 1 华昌达智能装备集团股份有限公司 2018 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整,不存在虚假记载、误导性陈述或重大遗漏,并承担个别和连 带的法律责任。 公司负责人陈泽、主管会计工作负责人贺锐及会计机构负责人(会计主管人 员)卜海燕声明:保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中涉及未来计划或规划等前瞻性陈述的,均不构成本公司对投资者 的实质承诺,投资者及相关人士均应对此保持足够的风险认识,并且应当理解 计划、预测与承诺之间的差异。 公司在本报告第四节"经营情况讨论与分析"中"九、公司未来发展的展 望"部分,详细描述了公司经营中可能存在的风险及应对措施,敬请投资者关 注相关内容。 公司计划不派发现金红利,不送红股,不以公积金转增股本。 2 | 目录 | | --- | | 第一节 | 重要提示、目录和释义 5 | | --- | -- ...
华昌达(300278) - 2018 Q3 - 季度财报
2018-10-26 16:00
华昌达智能装备集团股份有限公司 2018 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整,不存在虚假记载、误导性陈述或者重大遗漏,并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 华昌达智能装备集团股份有限公司 2018 年第三季度报告全文 华昌达智能装备集团股份有限公司 2018 年第三季度报告 2018 年 10 月 1 2 公司负责人陈泽、主管会计工作负责人贺锐及会计机构负责人(会计主管人 员)陈思明声明:保证季度报告中财务报表的真实、准确、完整。 华昌达智能装备集团股份有限公司 2018 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产(元) | 4,831,881,561.80 | 4,577,145,064.09 | | 5.57% | | 归属于上市 ...
华昌达(300278) - 2018 Q2 - 季度财报
2018-08-27 16:00
华昌达智能装备集团股份有限公司 2018 年半年度报告全文 华昌达智能装备集团股份有限公司 2018 年半年度报告 2018 年 08 月 1 华昌达智能装备集团股份有限公司 2018 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整,不存在虚假记载、误导性陈述或者重大遗漏,并承担个别 和连带的法律责任。 公司负责人陈泽、主管会计工作负责人贺锐及会计机构负责人(会计主管人 员)陈思明声明:保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中如有涉及未来的计划 、业绩预测等前瞻性陈述,均不构成本公司 对任何投资者及相关人士的实质承诺,投资者及相关人士均应对此保持足够的 风险认识,并且应当理解计划、预测与承诺之间的差异。 公司在本报告第四节"经营情况讨论与分析"中"十、公司面临的风险和 应对措施"部分,描述了公司未来经营可能面临的主要风险,敬请广大投资者 注意风险。 公司计划不派发现金红利,不送红股,不以公积金转增股本。 2 | 目录 | | --- | | 第一节 | 重要提示、目录 ...
华昌达(300278) - 2018 Q1 - 季度财报
2018-04-25 16:00
[Important Notice](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) [Company Overview](index=3&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) [Key Accounting Data and Financial Indicators](index=3&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In Q1 2018, the company experienced significant performance declines in revenue and net profit, while net cash flow from operating activities substantially improved to RMB 105 million Key Financial Indicators for Q1 2018 | Indicator | Current Period | Prior Period | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue (RMB) | 444,794,228.87 | 803,760,360.35 | -44.66% | | Net Profit Attributable to Shareholders (RMB) | 12,851,535.80 | 38,467,394.54 | -66.59% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (RMB) | 12,351,570.29 | 30,701,397.58 | -59.77% | | Net Cash Flow from Operating Activities (RMB) | 105,244,406.94 | -158,593,356.57 | 166.36% | | Basic Earnings Per Share (RMB/share) | 0.0236 | 0.07 | -66.29% | | Total Assets (RMB) | 4,533,666,875.68 | 4,577,145,064.09 | -0.95% (vs. Year-end) | | Net Assets Attributable to Shareholders (RMB) | 1,634,508,590.63 | 1,622,027,477.06 | 0.77% (vs. Year-end) | - During the reporting period, the company's total non-recurring gains and losses amounted to **RMB 499,965.51**, primarily from government subsidies[8](index=8&type=chunk) [Significant Risk Factors](index=4&type=section&id=%E4%BA%8C%E3%80%81%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company faces three primary operational risks: unfulfilled technological innovation, insufficient core talent retention, and accounts receivable bad debt or liquidity risks due to long settlement cycles - The company identified the following core risks: - **Technological Innovation Risk**: External industry environment uncertainties may lead to technological innovation activities not meeting expectations - **Talent Shortage Risk**: Intensified industry competition and rapid business development may lead to talent loss and insufficient reserves - **Accounts Receivable Risk**: Long business contract execution and settlement cycles may pose risks of delayed customer acceptance and bad debts[9](index=9&type=chunk) [Shareholder Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%89%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the reporting period end, the company had 19,457 common shareholders, with the controlling shareholder's stake fully frozen and the second-largest shareholder's largely pledged, while total restricted shares decreased [Total Common Shareholders and Top 10 Shareholders' Holdings](index=4&type=section&id=2.3.1%20%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%2010%20%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) - As of the end of the reporting period, the company had **19,457 common shareholders**[11](index=11&type=chunk) Top Two Shareholders' Holdings | Shareholder Name | Shareholder Type | Holding Percentage | Number of Shares Held | Share Status | Quantity | | :--- | :--- | :--- | :--- | :--- | :--- | | Yan Hua | Domestic Individual | 30.15% | 164,331,158 | Frozen | 164,331,158 | | Shihezi Demeike Investment Partnership (Limited Partnership) | Domestic Non-State Legal Entity | 22.46% | 122,442,778 | Pledged | 121,000,000 | [Changes in Restricted Shares](index=6&type=section&id=2.3.3%20%E9%99%90%E5%94%AE%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) - During the reporting period, the company's total restricted shares decreased from **321,619,692 shares** at the beginning of the period to **285,744,691 shares** at the end, primarily due to the release of restrictions on some shares held by shareholders Yan Hua and Luo Hui[15](index=15&type=chunk) [Significant Matters](index=7&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Analysis of Significant Changes in Key Financial Data and Indicators](index=7&type=section&id=%E4%B8%89%E3%80%81%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) During the reporting period, several financial metrics changed significantly, with revenue and costs declining due to uneven project completion, operating cash flow improving due to reduced payments for goods, and financing cash flow decreasing due to the absence of bond issuance this period - **Total operating revenue decreased by 45% year-over-year**: Primarily due to uneven project completion and revenue recognition significantly lower than the prior period - **Net cash flow from operating activities increased by 166%**: Primarily due to reduced payments for goods - **Net cash flow from financing activities decreased by 136%**: Primarily due to bond issuance raising RMB 496 million in Q1 last year, with no new bond issuance this year[18](index=18&type=chunk)[19](index=19&type=chunk) - Accounts received in advance increased by **67%** from the beginning to the end of the period due to increased orders; interest payable decreased by **96%** from the beginning to the end of the period due to bond interest payments[18](index=18&type=chunk) [Business Review and Outlook](index=7&type=section&id=%E4%B8%89%E3%80%81%E4%BA%8C%E3%80%81%E4%B8%9A%E5%8A%A1%E5%9B%9E%E9%A1%B1%E5%92%8C%E5%B1%95%E6%9C%9B) In Q1 2018, the company's revenue and net profit declined by 45% and 66.59% respectively due to uneven project completion and increased financial expenses, despite ongoing efforts to integrate AI and robotics for Industry 4.0 - During the reporting period, the company achieved total operating revenue of **RMB 445 million**, a **45% year-over-year decrease**; net profit attributable to parent company owners was **RMB 12.85 million**, a **66.59% year-over-year decrease**. The performance decline was primarily due to uneven project completion and increased financial expenses[20](index=20&type=chunk) - The company's annual key work plans include: continuously integrating new technologies like artificial intelligence and robotics into smart manufacturing factories; expanding R&D investment; strengthening financial risk management; and deepening human resource reform[21](index=21&type=chunk) [Progress of Significant Matters](index=8&type=section&id=%E4%B8%89%E3%80%81%E4%B8%89%E3%80%81%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9%E8%BF%9B%E5%B1%95%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D%E5%92%8C%E8%A7%A3%E5%86%B3%E6%96%B9%E6%A1%88%E7%9A%84%E5%88%86%E6%9E%90%E8%AF%B4%E6%98%8E) The company is actively addressing multiple lawsuits and subsidiary equity freezes stemming from controlling shareholder Yan Hua's personal debts, proposing a special restructuring fund to assume all liabilities, though the ultimate impact remains subject to court rulings - The company's controlling shareholder, Yan Hua, is involved in multiple lawsuits due to personal debt issues, leading to the freezing of equity in subsidiary Shanghai Demeike[22](index=22&type=chunk) - The company's proposed solution is to establish a 'Huachangda Major Shareholder Yan Hua Debt Special Restructuring Fund' to assume all debts, thereby isolating the impact on the listed company[22](index=22&type=chunk) [Fulfillment of Commitments](index=9&type=section&id=%E4%B8%89%E3%80%81%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) During the reporting period, all commitments made by the company's related parties concerning asset restructuring and IPOs, including those on avoiding competition, regulating related-party transactions, performance compensation, and director/supervisor/senior management duties, were being fulfilled on time - Commitments made by the company's actual controller, shareholders, and related parties during asset restructuring and IPOs regarding avoiding horizontal competition and reducing related-party transactions are still being fulfilled[25](index=25&type=chunk)[28](index=28&type=chunk) - Transaction parties Li Ke and Li Zhenqing's performance commitments for Xi'an Longde from 2016-2018 remain within the fulfillment period[29](index=29&type=chunk) - All disclosed commitments have been fulfilled on time, with no overdue unfulfilled items[32](index=32&type=chunk) [Illegal External Guarantees](index=16&type=section&id=%E4%B8%89%E3%80%81%E5%85%AB%E3%80%81%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) During the reporting period, the company had no illegal external guarantees, nor was there any non-operating fund occupation by the controlling shareholder or its related parties - The company had no illegal external guarantees during the reporting period[33](index=33&type=chunk) - There was no non-operating fund occupation by the controlling shareholder or its related parties during the reporting period[34](index=34&type=chunk) [Financial Statements](index=17&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) [Consolidated Balance Sheet](index=17&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%80%E3%80%811%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2018, the company's total assets were RMB 4.53 billion, a slight decrease of 0.95% from the beginning of the year, with total liabilities at RMB 2.88 billion and owners' equity attributable to the parent company at RMB 1.63 billion, while accounts receivable and inventory constituted significant portions Consolidated Balance Sheet Key Items (Period-end Balance) | Item | Amount (RMB) | | :--- | :--- | | **Total Assets** | **4,533,666,875.68** | | Cash and Cash Equivalents | 363,395,380.43 | | Accounts Receivable | 1,065,504,069.62 | | Inventory | 1,074,561,132.94 | | **Total Liabilities** | **2,881,948,734.00** | | Short-term Borrowings | 569,000,000.00 | | Accounts Payable | 812,442,882.55 | | **Total Owners' Equity** | **1,651,718,141.68** | | Total Owners' Equity Attributable to Parent Company | 1,634,508,590.63 | [Consolidated Income Statement](index=22&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%80%E3%80%813%E3%80%81%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1 2018, the company reported total operating revenue of RMB 445 million and total operating costs of RMB 427 million, with profit before tax at RMB 18.26 million and net profit attributable to parent company owners at RMB 12.85 million, reflecting a significant year-over-year decline due to decreased revenue and increased financial expenses Consolidated Income Statement Key Items (Current Period) | Item | Amount (RMB) | | :--- | :--- | | I. Total Operating Revenue | 444,794,228.87 | | II. Total Operating Costs | 427,208,955.50 | | Including: Operating Costs | 348,885,714.13 | | Financial Expenses | 20,945,876.47 | | Asset Impairment Losses | -8,518,523.16 | | III. Operating Profit | 18,304,773.79 | | IV. Profit Before Tax | 18,260,233.97 | | Net Profit Attributable to Parent Company Owners | 12,851,535.80 | [Consolidated Cash Flow Statement](index=26&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%80%E3%80%815%E3%80%81%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In Q1 2018, the company generated healthy net cash flow of RMB 105 million from operating activities, while net cash outflows from investing activities were RMB 20.68 million for fixed asset purchases, and from financing activities were RMB 151 million primarily for debt repayment, resulting in a RMB 70.57 million decrease in cash and cash equivalents by period-end Consolidated Cash Flow Statement Summary (Current Period) | Item | Amount (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | 105,244,406.94 | | Net Cash Flow from Investing Activities | -20,675,135.73 | | Net Cash Flow from Financing Activities | -150,704,046.46 | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | -4,432,302.87 | | **Net Increase in Cash and Cash Equivalents** | **-70,567,078.12** | [Audit Opinion](index=30&type=section&id=%E5%9B%9B%E3%80%81%E4%BA%8C%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's Q1 2018 report is unaudited - The company's first quarter report is unaudited[61](index=61&type=chunk)